Discover continues to outpace the four top Visa and MasterCard issuers with solid growth in third quarter outstandings. However, Discover’s gross dollar volume (GDV) rose 5.9% to $31.7 billion, below the Big 4 Visa and MasterCard issuers.
U.S. bank credit card outstandings for the third quarter were essentially flat year-on-year (Y/Y), historically and disappointingly weak compared to the prior quarter. Rising a mere 70 basis points (bps) from one-year ago.
The U.S. Secret Service is reportedly investigating a potential breach of credit and debit card data at several Staples office supply locations in the Northeast. The potential major breach comes on the heels of the The Home Depot, Target, Neiman Marcus and Chase hackings.
Dallas-based Onyx Payments has acquired Spain-based Worldwide Payment Services (WPS). The deal comes on the heels of the company’s acquisition of Net Trans Services last month.
Despite forecasts of Americans shopping online this holiday season versus producing foot traffic in brick-and-mortar retail stores, a new projection says holiday sales will grow 3.5% year-on-year.
After the launch of Apple Pay this week, the experts are weighing in and declaring Apple Pay will succeed where other mobile payments solutions have faltered. Some experts say Apple Pay may make using physical credit cards obsolete.
Munich PAY.ON is planning to integrate Cardinal’s Consumer Authentication solution into its platform. The solution will connect Cardinal with over 100 of PAY.ON’s payment service provider clients serving more than 50,000 merchants worldwide.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features James Barrese, Chief Technology Officer of PayPal. eBay recently announced a plan to separate the company’s eBay and PayPal businesses into independent publicly traded companies in 2015.
United Airlines and Hertz are teaming to beef-up travel benefits for United Mileage Plus cardholders. Special perks are also planned for MileagePlus Club and Presidential Plus Card members.
Brazilian-based digital payments company UOL BoaCompra has inked a deal to support local currencies and payment options available on online game specialist Steam in both Mexico and Turkey.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Scotiabank Gold American Express card. The card is issued by Canada’s Scotiabank .
ME-based WEX has sealed a 10-year deal with Sinclair Oil to be the exclusive fleet card provider for Sinclair’s Fleet Track Card program.